U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.
Environmental activists have blocked ten oil terminals across the UK, demanding a stop to new oil & gas projects and investments in the UK.
After concluding the drilling of two wells, Aker BP will be working on evaluating the remaining oil potential within a North Sea field.
Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.
Ithaca Energy has secured consent for the development of a subsea tie-back to its FPF-1 facility in the UK North Sea.
Orcadian has won an extension for a licence in the UK North Sea, bolstering its hopes of putting into action a development plan for Pilot.
Offshore rig owner Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain.
The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.
A Noble Corporation-owned jack-up rig is nearly ready to come back offshore and resume drilling for IOG next month.
ABB has secured a deal with Aibel for the provision of power from shore technology to the Equinor-operated North Sea field.
Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.
Hurricane Energy has signed a contract with Bluewater, the owner of the Aoka Mizu FPSO, for an extension to the bareboat charter.
The U.S. will supply 15 bcm of LNG to the EU this year to strengthen European energy security and reduce reliance on Russian energy.
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.
